Two Office Buildings with 20 Parking
For Sale
$1,200,000
Pending
908 S FORT HARRISON Avenue, Clearwater, FL 33756
SINGLE_FAMILY - CLEARWATER, FL
Property Size3,515 SF
Lot Size0.52 Acres
Days on Market162
Property Features for 908 S FORT HARRISON Avenue
General Information
Property type
Residential
Property subtype
Office
Subdivision
HARBOR OAKS
Directions
Drive South on S Fort Harrison Ave. Properties on right.
Standard status
Pending
APN
16-29-15-36270-000-0670
Size
3,515 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HARBOR OAKS S 80 FT OF LOTS 67 & 69 & S 80 FT OF E 35 FT LOT 71 LESS ST ON E
Tax Annual Amount
5806
Legal Description
HARBOR OAKS S 80 FT OF LOTS 67 & 69 & S 80 FT OF E 35 FT LOT 71 LESS ST ON E
Utilities
Cooling system
Central Air
Building Details
Year built
1940
Flooring type
Tile, Carpet
Building materials
Concrete, Frame
Listing Agency:
STONEBRIDGE REAL ESTATE CO
(727) 443-5000
Listed By:
Ben Magnie · License #3463003
(727) 455-0221
Added: Mar 8
Changed: Aug 13
Last Checked: Aug 17 at 2:06AM
MLS# TB8483387
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two office buildings on two parcels totaling 3,515 SF (2,140 SF and 1,375 SF) on a 0.52-acre site. The buildings are constructed with concrete and frame materials and feature central air, with interiors finished in tile and carpet. Office zoning supports a flexible office configuration for an investor or owner-user.
Located at 908 S Fort Harrison Avenue in Clearwater, the property benefits from highly visible frontage on S Ft Harrison Ave and is adjacent to the Harbor Oaks neighborhood. The site includes 20 parking spaces, supporting both tenant and visitor access.
With two separate buildings and two parcels, the layout provides options to maintain existing medical tenants, occupy one space and lease the other, or utilize the full combined space.
Located at 908 S Fort Harrison Avenue in Clearwater, the property benefits from highly visible frontage on S Ft Harrison Ave and is adjacent to the Harbor Oaks neighborhood. The site includes 20 parking spaces, supporting both tenant and visitor access.
With two separate buildings and two parcels, the layout provides options to maintain existing medical tenants, occupy one space and lease the other, or utilize the full combined space.
Key Highlights
- Two office buildings on two parcels totaling 3,515 SF (2,140 SF and 1,375 SF)
- 0.52‑acre site with Office zoning
- 20 parking spaces on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,362
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,240
$1.3M
Cap Rate 7%
$905,171
$905.2K
Cap Rate 9%
$704,022
$704.0K
Market Conditions
NOI Build-Up for 3,515 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.5K $26.04/SF
− Vacancy
−$7.0K −$2.01/SF
EGI
$84.5K $24.03/SF
− OpEx
−$21.1K −$6.01/SF
NOI
$63.4K $18.03/SF
Area
Clearwater, FL
Vacancy
7.70%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,240
Cap Rate 7%
$905,171
Cap Rate 9%
$704,022
Alternative Uses
Best Use
Office B
$905.2K
$792.0K – $1.06M
NOI $63,362 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$986.2K
$862.9K – $1.15M
NOI $69,031 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings totaling 3,515 SF on 0.52 acres with Office zoning and central air plus 20 parking spaces.
Where is this office building located?
The property is located at 908 S FORT HARRISON Avenue Clearwater, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two office buildings on two parcels totaling 3,515 SF (2,140 SF and 1,375 SF); 0.52‑acre site with Office zoning; 20 parking spaces on site
